Finance.vote: Markets.vote and how to participate in the 100,000 $FVT reward pool
What is $FVT
$FVT is a governance token with broad-spectrum utility and one that will give you a meaningful voice in the system. It’s designed for incentive alignment and will be distributed by the system to those who are correct in our voting markets and many other things down the line.
What is vote markets all about?
This is a decentralized prediction market where users who make a correct prediction on a token that will gain more is rewarded with more vote power in the next round of the vote market. For example, a user who spends 30$V on $BNB and if $BNB is the top gaining token that week. The user will gain 30 more $V in the next round. Along with additional voting power, depending on the amount of $V you spent on your winning vote. You will obtain a share of a reward pool. The reward pool, which is contained with the vote market contract starts at 100,000 $FVT.
If you wish to add an additional stake to your bet, you can do so by staking $FVT to your vote. If you do this, you will win the reward pool share /and/ a share of the staking pool. 10% of the staked $FVT is burned in every round.
How to play:
This is the outline on the step by step process of casting your quadratic votes on-chain, and making market predictions.
Step 1
Goto the finance.vote website https://financedotvote.eth.link.
Click “Start voting”
Step 2
Connect Metamask wallet by hitting the “Connect Wallet”
Step 3
Metamask will pop up and will request your permission to approve the application to connect with your wallet.
Select which account you would like to connect with the application, aslo ensure that this is the account which is holding your Decentralized Identity Token.
Hit “Connect”.
Step 4
Select your unique Decentralized Identity.
Step 5
Allocate your vote power ($V) by voting on the tokens you think will gain more from the token list.
$V is spent with the square of your votes i.e:
$Votes = $V²
For example, 10Votes = 10x10=10² = 100$V
Step 6
Hit “VOTE”
Step 7
Metamask will open automatically and present you with the option to confirm your transaction. Voting requires gas fees to process.
Step 8
Wait patiently for the markets to do their thing and keep an eye out for market close as Markets closes midnight after 7days
If your predictions are correct you will be able to withdraw your $FVT from the contract and claim your new voting power when you return.
Cheers…
